My First Investing/Trading Books
So, I went to check the bookstore and EXPENSIVE!! I searched for online bookstores that offers affordable books like amazon and I found at about BOOK DEPOSITORY.
These are my first books.
Jesse Livermore's Methods of Trading in Stocks - Richard Wyckoff
This was my first ever book about trading. It has only 32 pages and can be read in one sitting but full of information. It tells about how Livermore's preparation before and after trading, money management, news, stocks to trade and pyramiding.
How To Trade in Stocks - Jesse Livermore
I bought this books together with the above book and it's almost similar but this book is more detailed.
Market Wizards - Jack Schwager
If you want to understand more about trading from different traders, this is the book for you. It has a lot of editions and no matter what edition of book you'll be buying, I guarantee you it is worth reading. You'll be able to know that in trading, the holy grail is really 'You'.
How To Make Money in Stocks - William O'Neil
This book is a great starting point if you want to get involved in stock market. It discusses about the CANSLIM method, a combination of fundamentals and technicals but more on fundamentals. I think Mark Minervini who is more into technical analysis uses CANSLIM to pick his stocks.
Other Books That I Recommend
- Trade Like A Stock Market Wizard - Mark Minervini - he has another book entitled "Think and Trade Like A Champion" but book depository doesn't have it.
- Trading In The Zone - Mark Douglas - more about psychology
- Beating The Street - Peter Lynch - this is a beginner book for those who are into long term investing. He also has other books "One Up On Wall Street" and "Learn to Earn"
- If you want to be more of a technician (technical analyst), you can read "Encyclopedia of Chart Patterns" or "Technical Analysis Explained" for more references. But for beginners, I recommend the book "The Trading Code" by Jason Cam - when I read this book, I began learning about technical analysis for proper entry and exit.
Knowledge enables a person to make informed and intelligent decisions. Books convey that knowledge. Hence books have the power to change your life.